Presenter Evan Davis has been announced as Jeremy Paxman's replacement on Newsnight.
Paxman, famous for his abrasive style, bowed out of the BBC2 news programme after 25 years in June.
Disarming interviewer Davis, best known for his role on Dragons' Den and Radio 4 flagship breakfast news show Today, has landed the job despite female Newsnight presenters Laura Kuenssberg, Kirsty Wark and Emily Maitlis having been tipped for the plum role.
BBC director general Tony Hall made the announcement at a Press conference on the BBC's annual report.
Asked about Davis beating several women to the job, he said: "Evan is an outstanding journalist, an extraordinarily clever and intelligent interviewer. He has a wonderful presence on TV.
"I've got no doubt he will be a really great presenter on Newsnight."
The appointment came as the trust pointed to a "continued gender imbalance in BBC output".
It said there needs to be "a co-ordinated plan from the Executive" to address the issue.
Davis (52), who will be leaving Today, will be anchoring the programme three nights a week from the autumn.
He wrote on Twitter: "I didn't believe it when I read about it in the papers but now it's official. I'll be leaving @BBCr4today and heading off to Newsnight."
Davis is a former economics editor on Newsnight.